Enterprise Financial Services Corp (EFSC) vs Merchants Bancorp (MBIN)
A side-by-side comparison of Enterprise Financial Services Corp and Merchants Bancorp across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.
Total return — EFSC vs MBIN
growth of $100 · dividends reinvested · last 9yEFSC vs MBIN: by the numbers
- •MBIN is the larger company ($2.29B vs $2.17B market cap).
- •MBIN trades at the lower trailing earnings multiple (10.03 vs 11.93 P/E), one valuation lens rather than an overall verdict.
- •MBIN converts more revenue to profit (20.51% vs 19.26% net margin).
- •MBIN grew revenue faster over the past five years (23.60% vs 21.61% CAGR).
- •EFSC pays the higher dividend yield (2.24% vs 0.86%).
Metrics side by side
Valuation
| Metric | EFSC | MBIN |
|---|---|---|
| P/E ratio | 11.93 | 10.03 |
| Forward P/E | 11.43 | 8.96 |
| PEG ratio | 0.85 | N/A |
| P/S ratio | 2.20 | 1.75 |
| P/B ratio | 1.10 | 1.25 |
Profitability
| Metric | EFSC | MBIN |
|---|---|---|
| Operating margin | 27.68% | 21.15% |
| Net margin | 19.26% | 20.51% |
| ROE | 9.33% | 11.22% |
Enterprise Financial Services Corp: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
Merchants Bancorp: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
Dividends
| Metric | EFSC | MBIN |
|---|---|---|
| Dividend yield | 2.24% | 0.86% |
| Payout ratio | 26.64% | 8.63% |
Growth (annualized)
| Metric | EFSC | MBIN |
|---|---|---|
| Revenue CAGR (5Y) | 21.61% | 23.60% |
| EPS CAGR (5Y) | 14.16% | -0.37% |
| Total return CAGR (5Y) | 7.27% | 13.50% |
Frequently asked
- Which has the lower trailing P/E, EFSC or MBIN?
- MBIN has the lower trailing P/E: EFSC trades at 11.93 and MBIN at 10.03. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, EFSC or MBIN?
- Over the past five years, MBIN grew revenue faster — EFSC at a 21.61% CAGR versus MBIN at 23.60%.
- Does EFSC or MBIN pay a bigger dividend?
- EFSC yields 2.24% and MBIN yields 0.86% based on trailing dividends and the latest price.
- Is EFSC or MBIN more profitable?
- MBIN runs the higher net margin — EFSC at 19.26% versus MBIN at 20.51%.
- How have EFSC and MBIN total returns compared?
- Over the past 5 years, EFSC delivered 7.27% and MBIN delivered 13.50% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Enterprise Financial Services & Merchants Bancorp appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.